Maruti - Breakout on cards - Tgt 8500 !!Price forming falling wedge pattern at the resistance and much needed pressure was already in, a spark of buying pressure will make the price to fly high to reach 8500 this time.
MARUTI trade ideas
MARUTI SUZUKI IND
200EMA below price is trading so it's an indication of Bearish trend confirmation.
6751 is 1st Key SUPPORT 1 if Breaks this Level, and SUPPORT 2 level 6236 is 1st target.
Maruti is at Crucial SupportMaruti crucial support is placed at 6750 closing below it can trigger a sharp drag in the scrip.
Bullish divergence on RSI in MarutiStock is trading near very important support area. Stock also offers a great Risk to Reward on upside.Only problem stock is currently trading below 200 ema. We can see a great upside after price close above 200 ema.
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I’m not a SEBI registered advisor. I’m also a market learner like everybody else. The analysis given below is based on my own market experience in last few years. I also advise before taking a trade please carry out your own analysis and trade based on your own risk appetite. Trading is all about probabilities and I can be wrong at any time.
I prefer swing trading over intraday trading so most of my analysis is about swing trading only (higher timeframes).
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Bullish diversion?Only for learning Purpose... Waiting for the channel breakout and formation of HH HL
Maruti Complete analysisMaruti is running in channel since 10th March 2021 if it break the resistance go for long if break the support go short, and there is complete chat analysis about importance support and resistance.
Maruti suzuki day chartmaruti suzuki took multiple support from same zone wait for it to cross 6950 levels ,for targets of 7050,7250+ with sl of 6700
Maruti looking good on daily chartsMaruti has broken the 3 months trend line and retested it two times. Immediate targets mentioned in the chart are short term targets. Please keep stop loss while trading.
maruti suzukibuy 2-4 shares b/w 6800-6450
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stoploss - 5427
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add again some share after it reverses from 6450
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again buy when it breaks 3 lvl of 3rd wave
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thanks....
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[Positional] Maruti Compression Pattern Auto Sales BetI will do naked put sell - 6800PE. You can do futures with SL.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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Maruti Bullish Bat seen at 6400-500bullish bat seen at 6400-500........if sustains 6400-500 den we see nice rebound till 7200-300
Thanks
Jp Pro- Harmonics
Jigar Pateel
8898030401
maruti suzuki setupcould wait for reversal from previous gann support if there is a strong rejection only short then
because a temporary short squeeze might be there.
so only short from that level
can go long from the demand zone marked in the chart
